From NorthJersey.com:
AI didn’t break New Jersey’s housing market. Politicians did | Opinion
On April 23, New Jersey’s Attorney General Matthew Platkin filed a lawsuit targeting AI-driven pricing software using in the housing market, alleging it enables landlords to collude and drive up rents. While this move is likely to grab headlines, it economically misses the mark. Blaming the software for high rents is like suing umbrella makers for rain — the real problem that needs fixing lies elsewhere.
Anyone who has ever used Kelley Blue Book or Hotels.com understands that algorithmic pricing software does not set prices; they simply analyze market conditions, such as demand and supply, and suggests rental rates based on real-time data. This is no different from a local coffee shop adjusting prices after tracking foot traffic, transaction volume and coffee inventory levels to maximize efficiency. Just as a coffee shop cannot charge $10 for a coffee without losing customers to a competitor, landlords cannot set rents arbitrarily high without tenants choosing to live elsewhere.
Blaming pricing software for high rents is ridiculous. The real storm driving up housing costs in New Jersey is years of skyrocketing property tax rates, restrictive zoning laws, housing mandates, utility costs, bureaucratic red tape and burdensome regulations that choke off new housing construction. Pricing algorithms merely reflect these underlying realities — they do not create them.
New Jersey is known for its world-class restaurants, beautiful shoreline — and the highest property taxes in the country. The average homeowner now pays close to $10,000 a year in property taxes alone. And these costs don’t just burden homeowners; they inevitability trickle down to renters. When landlords face high operating expenses, they have no choice but to pass them along in higher rents just to stay afloat. In a state with taxes this punishing, is it any surprise that rents are rising faster than almost anywhere else in the country?
wha?!
fsrit
Boomers are lucky to sleep in on Monday mornings
I‘ve been awake for hours!
Tariffs removed, market returns to normal. The show continues.
Guess this explains why ATC at Newark keeps shutting down.
At the Environmental Protection Agency, research at 11 laboratories has ground to a halt because the Trump administration has not approved most new lab purchases.
At the National Oceanic and Atmospheric Administration, key work on weather forecasting has slowed to a crawl because Commerce Secretary Howard Lutnick must sign off personally on many contracts and grants. And at the Social Security Administration, some employees are running out of paper, pens and printer toner because the U.S. DOGE Service has placed a $1 spending limit on government-issued credit cards.
Create a crisis.
Chaos ensues.
Rob the bank.
Very Stable Genius says:
May 12, 2025 at 6:09 am
Boomers are lucky to sleep in on Monday mornings
____________________________________________________________
I have been up since 5, Already had breakfast took care of paperwork and getting ready to go food shopping with the wife.
VSG your nothing but an entitled snowflake.
Ten 445
Only by lowering property taxes, easing zoning restrictions, and scaling back costly regulations and mandates can we encourage the construction of more housing at a faster pace and lower cost.
It seems like everywhere I turn, more green parcels are being plowed for particle board pods. A thousand pods on one acre sounds about right. So, if regulations are an obstacle, someone’s looking the other way. Now, as far as lowering property taxes, the Colorado Rockies have a better chance of winning the World Series.
Boomers are always up in the morning. Viagra interrupts REM sleep.
Plus who wants to miss walking around the neighborhood at zippy walking speed with two pound weights in your hands?
In fact, many of those boomers have been up at night as well. They aren’t lazy. Up to pee multiple times at night due to that pesky prostate enlargement.
If they were lazy, they would just pee in their beds.
Plus who wants to miss walking around the neighborhood at zippy walking speed with two pound weights in your hands?
Wearing white, New Balance sneakers, black socks, plaid shorts, tucked in shirt and white belt. Now, get off my lawn!
Eddie,
Murphy likes his solid gold feedbag. Goes great with those giant horse chompers of his. Is he still on vacation like he was during the southern nj wildfire?
Horseface everywhere but where he belongs. You know, actually helping the people who voted for him.
Democraps are just as much grifters as Repukes are.
Those boomer women walking are so full of energy. Husband dead or dying from being nagged to death. The pension and retirement savings smell of cash for them is like the smell of fresh morning dew. Finally free of the wrinkled scrotum guy who refuses to shower and quit that third job that was depriving them of spending money.
Guy dead, sun shining, house in their name, money flowing in, OLED screen with the view on in the background. Lady friends coming at noon to enjoy some wine, then off to the garden to tend to the plants. Then, if they have a half decent body, to try and get some evening enjoyment from the guy they were cheating with on thier husbands for years, if he hasn’t traded up to someone much younger.
If so, then a quiet evening reading some feminist book with a calico cat on thier lap and a battery device charging for later.
Sounds delightful, should walk more in the morning.
Widows sound like a good retirement strategy.
They will outlive 3 boyfriends.
They will juggle them.
One to take them on trips, one to be their personal handyman, and one they will actually fuck. Be number 3 if that is what you are into, or if your purpose in life making you feel good is to help, number 2 is your choice. Number one is for the really lonely guys, but don’t expect to be in any of her social media posts no matter how much you pay for that trip.
And lastly, best check the paperwork. Most would rather leave their money to a shelter for cats than any man. And if they have kids, it’s a total no go. Unless you find one that is desperate, then go for it.
grim says:
May 12, 2025 at 7:41 am
Sounds delightful, should walk more in the morning.
Widows sound like a good retirement strategy.
Charlotte: “Oh for heaven’s sake Lizzie don’t look at me like that.
There is no earthly reason I shouldn’t be as happy as him than any other.”
Lizzie: “But he is ridiculous”
Charlotte: “Oh, hush. Not all of us can afford to be romantic. I’ve been offered a comfortable home and protection. There is a lot to be thankful for. I’m 27 years old. I’ve no money and no prospects. I’m already a burden to my parents. And I’m frightened.
So don’t judge me Lizzie, don’t you dare judge me.”
Has China made any concessions in a way that’s superior to the pre-April 2 status quo?
happy with him.
Oopsy.
China is humming like a massive power transformer. And with all that energy on tap they will find a way to release it.
I still want my f’n BYD car for 10k instead of Bezos’s 27k Government tax supported Clown Car.
Very Stable Genius says:
May 12, 2025 at 8:23 am
Has China made any concessions in a way that’s superior to the pre-April 2 status quo?
I posted the past 2 weeks, VFC, Estee Lauder, Nike, Stanley, Under Armor. As soon as tariff talk died down, they would rocket
VFC 13%
EL 6.5
Stanley 12%
Nike 6.5%
UA 5.77%
Did you guys get the signal text to buy before the open?
Wonder how often this actually happens:
When I was a grad student, my professor mentor told me he had a young woman come to his office. He said she told him, “I would do anything for an A.”
He said, “Anything?”
And she laid down on the floor, and said, “Anything.”
He then smiled and said, “Study hard!”
Not me, but I’m pretty confident Nancy Pelosi did.
Juice Box says:
May 12, 2025 at 8:28 am
Did you guys get the signal text to buy before the open?
Bezos rocket girl?
Years ago, Katy Perry had one of her biggest hits — Teenage Dream. A male model named Josh Kloss played her love interest in the accompanying video clip. When she met him later at a party, Kloss was wearing shorts. As a “joke”, Perry pulled down Kloss’ shorts and underwear, exposing his genitals to all her friends in attendance
8:28, did you buy a jet for the sake of “national security”?
Make America Great Again.
Exploding Jeeps. Hehe
https://www.firefighterclosecalls.com/jeep-wrangler-hybrid-explosion-close-call/
https://www.tiktok.com/discover/fetal-al-syndrome-karoline
We had a social gathering at home with about a dozen folks on Friday. Turns out it’s covid – tested positive on Saturday. What I thought were allergies turned out to be worse. We may have gotten it from our daughter who came home sick from college on Wednesday (she had a miserable finals week).
If only the CDC released covid data and we could have taken precautions or not had the party.
That said, we managed to get the vegetable beds fully planted and ready. Just needs water.
One couple from the meet are flying to Colorado and another to Scotland this week. They seem okay.. but they are keeping an eye on any symptoms.
BREAKING:
DOW rockets over 1,000 points on another win for Trump!
DOW rockets over 1,000 points on another win for Trump!
Better headline:
“DOW rockets over 1,000 points as Trump undoes one of the stupid things he’s done”
TESLA is up $100 from when Tampon Tim announced his gleeful watch of the company’s demise. Is he still staring at the app?
Rent ? “If only the CDC released covid data.”
Dude NJ collects the data and provides it to them. CDC receives data from 50 states and 3000+ local jurisdictions and territories. Each jurisdiction creates their own data sharing agreements with CDC.
Sorry you aren’t feeling well. Data from New Jersey says no surge.
https://www.nj.gov/health/respiratory-viruses/data-and-reports/
TESLA’s Robotaxi ride-hailing service launches in June.
Project Alicorn…. a mythical creature that combines the characteristics and features of both a unicorn and a pegasus. They are planning on using exiting personal vehicles for this. Your car could roam the town looking for rides as a driverless Robotaxi while you are off working….
DOW rockets over 1,000 points on another flip flop for Trump!
China blinked.
Peace deals, trade deals, the last American released from Hamas, no taxes on tips, SS and overtime about to be signed, Pakistan/India truce brokered, Volodymyr to meet Vlad, prescription drugs lowered… astonishing the amount of success we’re seeing.
China blinked.
We have now moved back closer to the old status quo with China regarding tariffs.
But (according to Trump) China was ripping us off under that old status quo.
In the Trumposphere, is that what winning looks like?
Fast-
Don’t confuse things Trump wants to do or is trying to do with things he has actually done!
Looks like another good quarter for trading on the street. Especially Cantor’s results. Man those guys are so smart. How do they do it? It’s as if they know what is about to happen.
Juice Box says:
May 12, 2025 at 8:28 am
Did you guys get the signal text to buy before the open?
Lower the tariffs enough, China still able to sell cause their products are cheaper than American made. Low enough, Americans will pay the difference, China won’t be eating it.
Hey China, we can make a deal, what a deal, the best deal, no deal better. You will still make your money, and I will be able to fleece all American buyers with my stealth tariff tax. China you won’t be hurt, I won’t be hurt, we will both win. It’s a great deal, no better deal, the best deal ever.
Now, to take this to the real level, imagine doing all this with Pegasus on their phones.
The things you can do with spy software on someone’s phone.
Come on boys, let’s make a list. Blackmail, make money, look at anyone’s photos, read their deepest darkest secrets, find out who is screwing who. Listen in at any time.
You think it’s not happening?
Get you heads out of the sand.
Chicago says:
May 12, 2025 at 10:56 am
Looks like another good quarter for trading on the street. Especially Cantor’s results. Man those guys are so smart. How do they do it? It’s as if they know what is about to happen.
Juice Box says:
May 12, 2025 at 8:28 am
Did you guys get the signal text to buy before the open?
Let’s make a slogan.
Here at Pegasus, we belive everyone should be part of the chat.
Hehe.
Hiiiii Phoenix
VIX under 20
Hiiiiii ChiFiiiii
My prediction is Donny will loot the Country. Seriously affect our economy and then leave. His work will have been done. He’ll flee to Russia.
Peace deals – That he had nothing to do with.
Trade deals – That always existed, Trump broke, repaired and then claimed victory over.
The last American released from Hamas – I thought the war was over the day he took office?
No taxes on tips – Like anyone claims more than a small measly percentage of them.
SS and overtime – I’ll believe it when it happens.
Pakistan/India truce – Had absolutely nothing to do with Trump
Vlodymyr to meet Vlad – Just like when Vlod met Trump???
Prescription drugs lowered – You mean, flipflopping on the bill Biden passed?
Astonishing the amount of success we’re seeing – I don’t see any. Only a cult member would realize the Trump Show rolling on.
Could you just imagine if Biden received a jumbo jet from Qatar? Fox News would create a separate channel just to cover the terrorist gift 24/7.
But keep on with the bullshit Trump accomplishments. They are a glorious work of fiction.
Index – Election Day close – Today – gain/loss
S&P – 5786 – 5800 – .2% gain
DOW – 42221 – 42121. – -.03% loss
Nasdaq – 18439 – 18541 – .1% gain
Are we great yet Gary?
Symbol – Trump’s value before SPAC – Trump’s Value today
DJT – zero – $3,000,000,000
Trump Meme Coin – zero – $10,400,000,000
It appears to me, Trump’s only real accomplishment is enriching himself to the tune of 14 billion dollars. But he gives his presidential salary to charity. What an amazing man!
All the truth, all the time. It hurts to read it, doesn’t it?
Here’s the real big question.
Will Trump reduce the deficit by more or less than he personally grifts?
MAGA? Any guesses?
Does anyone here think that Tish „The Dish“ James is looking more likely to be indicted?
Waaaaammmmmp waaaaaammmmmp
“We need to talk about Texas. Listings just hit 123,000 in April 2025. 53 percent higher than normal. And prices are now dropping across the state,” Nick Gerli, a real estate analyst and the CEO of Reventure App, wrote on X, formerly Twitter, on Thursday.
He warned that Texas is now the fourth most oversupplied housing market in the United States.
12:16 no one cares except maga cunts bent on revenge.
Phoenix must be the third then.
Third wheel?
Hah. No. Phoenix, AZ.
Lorax,
The Tish James scandal is just so ironic because obviously she is being investigated for the same thing she went after Trump for- fraud to secure more favorable lending rates. I don’t care if you‘re a Democrat, Republican or Independent, this is just an incredible story. It is also very easy to prove since it is a documents case. She either did it or she didn’t. Interestingly she has made no comment on the documents from years ago for her very first morgage in which she claimed her father was her husband.
Lorax: perfect day in Jersey today.
You look cheaper as we sink deeper.
https://m.youtube.com/watch?v=FQUkaJT8lso&pp=ygUXc2VhIG9mIHNpbiBkZXBlY2hlIG1vZGU%3D
Ooooff China Joe,
Treasury Secretary Scott Bessent:
“The Chinese delegation basically told us that once President Biden came into office, they just ignored their obligations.”
Move along. Nothing to see here
https://www.wsj.com/opinion/the-trump-family-crypto-business-meme-coin-conflict-interest-buying-7e841401?st=ddPd82&reflink=article_copyURL_share
If only the Dish had the same immunity.
Trump today compared taking an airplane from Qatar to cheating in golf.
Hey, this is what we voted for.
MAGA can’t go away soon enough.
https://www.newsweek.com/trump-familys-business-ties-middle-east-explained-2070707
And here is where Trump strengthens ours, I meant, his relationship with the Middle East countries he is about to visit.
You won’t read the article, so I’ll spell it out for you. Hotels, golf courses and and more hotels and golf courses. Unless, he decides to rebrand them, United States of America Hotels and Golf. I mean, the 747 wasn’t a gift to Trump. It was a gift to the Department of Defense.
The flaming tire fire of ignorance burns strongly within MAGA. This is what WE voted for.
MAGA can’t go away soon enough.
To be replaced by Ghetto Barbie and the Latina bartender from Long Island City. I can see an oligarchy, crime-fighting, comedy drama in the works à la Lethal Weapon.
Get your Trump Coins now Gary. Before they all get bought up by your MUSLIM friends.
2:16 big question will racism Trump the economy?
12:46 I dig that brother! Spent the weekend in Pismo. Hard to beat those views :)
Believe me when I say I can’t listen to AOC (her little girl voice) is grating.
I hate the incompetence of the Biden admin that brought us TruMp tWo.
Thanks Merrick GarLand- and the prosecutors in the various venues who tried anything they could and failed. Also don’t register in my mind. F” em all.
Sticker Shock:
https://www.zillow.com/homedetails/490-Barcelona-Dr-Millbrae-CA-94030/15501459_zpid/
Taxes are Jersey level — toooooo!
Lorax ~2:16p
No, racism itself won’t do it. However, it will work itself into lack of empathy which is natural to a racist point of view. Nothing goes down in a straight line. But down we are going. What is going to do it is the following formula.
Socially existing apathy + Tech crowd Dark Enlightenment /DOGExcrement promoted lack of empathy + OrangeTurd crime family corruption + present systemic corruption that now feels free to go for the jugular as “Rule of Law” are empty words as long OrangeTurd get his cut or is publicly venerated.
BTW – Earlier you posted about Texas real estate listings levels. You don’t have to go to far. A few weeks ago the Bergen Record had article about Foer Lee having over 160 for sale listings. As of yesterday Englewood Cliffs has 13 houses for rent, usual was ~6. A lot of those houses are new rental investors that are about to get their first real hard punch.
Would be nice to have the salt cap pushed up to $30k….
Would be nice to have the salt cap pushed up to $30k….
Hell yeah. Can’t wait for Trump to call that another victory. And he will.
Trying to catch up on all the wonderful news today.
Looks like we are almost as great as where Biden left the country economically, but with lesser freedoms and more taxes on goods.
Great work MAGA!
BREAKING:
DOW closes above 1,100 points as the street extends a three-week winning streak!
VUA…change the record….tanking a portfolio and running the market up again to where it was before doesn’t get you anywhere except……broke.
How’r those FAA cuts working out? Maga Fools.
From NY Times.
You don’t have to look to far for the quid pro quo for 747/Hotels & Golf Courses.
Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42
Ana Swanson, Tripp Mickle
May 12, 2025, 3:47 p.m. ET
The Trump administration is considering a deal that could send hundreds of thousands of U.S.-designed artificial intelligence chips to G42, an Emirati A.I. firm that the U.S. government has scrutinized in the past for its ties to China, three people familiar with the discussions said.
The negotiations, which are ongoing, highlight a major shift in U.S. tech policy ahead of President Trump’s visit to the Persian Gulf states this week. The talks have also created tension inside the Trump administration between tech- and business-minded leaders who want to close a deal before Mr. Trump’s trip and national security officials who worry that the technology could be misused by the Emiratis.
The Trump administration has embraced cutting direct deals for A.I. chips with officials from the Middle East, as it looks to strengthen U.S. ties in the region, said the people, who spoke on the condition of anonymity because the negotiations are ongoing. The approach marks a break from the Biden administration, which had rejected similar A.I. chip sales over fears that they could give autocratic governments with strong ties to China an edge over the United States in developing the most cutting-edge A.I. models in coming years.
In the talks with G42 and officials from the United Arab Emirates, David Sacks, the White House A.I. czar, has been working on an agreement that would give the Emirati firm access to chips with limited oversight. Some of the chips would go to a partnership that G42 has with the U.S. firm OpenAI, while others would be sent directly to G42, one of the people said, adding that a deal is not yet final.
The Trump administration is also expected to announce a deal this week with officials in Saudi Arabia, two people with knowledge of the agreement said. The deal would give the Saudi government and its new A.I. company, Humain, access to tens of thousands of semiconductors and technology support from Nvidia and its A.I. chip rival, Advanced Micro Devices.
The United States began requiring a license for the purchase of A.I. chips during the Biden administration because of their value in helping governments develop military and surveillance technologies.
Racist? How can something be racist when it’s for everyone?
https://www.post-gazette.com/business/tech-news/2025/05/12/pennsylvania-broadband-expansion-plans-stalled-internet/stories/202505110034
From Bloomberg,
Xi Defiance Pays Off as Trump Meets Most China Trade Demands
Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.
After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.
The dramatic reduction exceeded expectations in China, and sent the dollar and stocks soaring — providing some much-needed market relief for Trump, who is facing pressure as inflation looks set to speed up at home. Chinese equities also surged.
The deal ended up meeting nearly all of Beijing’s core demands. The elevated “reciprocal” tariff for China, which Trump set at 34% on April 2, has been suspended — leaving America’s top rival with the same 10% rate that applies to the UK, a longtime ally.
The US met Beijing’s call for a point person for talks by setting up a mechanism headed by Treasury Secretary Scott Bessent. And the two sides agreed to take “aggressive actions” to stem the flow of fentanyl, which could eventually lead to the elimination of the additional 20% tariff.
“This is arguably the best outcome that China could have hoped for — the US backed down,” said Trey McArver, co-founder of research firm Trivium China. “Going forward, this will make the Chinese side confident that they have leverage over the US in any negotiations.”
Xi struck a defiant tone ever since Trump began raising US tariffs to their highest level in a century. In contrast to other world leaders, he refused Trump’s repeated calls to get on the phone with the US president — even as levies rose to levels that China called a “joke.”
Officials in Beijing instead cut key interest rates and took other steps to fortify China’s economy, while dispatching diplomats around the world on a charm offensive to secure fresh markets for Chinese products and decry US “bullying.”
Although China began feeling economic pain, with factory activity starting to slump, Xi enjoyed a surge of nationalism at home encouraging him to avoid bending to US coercion. Trump, meanwhile, faced increasing pressure from business lobbies, market players and members of his party who feared losing their seats in mid-term elections next year.
“The lesson is economic power matters,” said Gerard DiPippo, associate director of the RAND China Research Center. “For Beijing, it’s a strategic vindication, and one that makes Xi’s focus on manufacturing and self-reliance harder to argue against, at least from an economic security perspective.”
Trump said Monday that he could speak to Xi as soon as the end of this week, as he touted a “total reset” in ties with China. He noted that the deal doesn’t include sectoral tariffs on cars, steel, aluminum and potentially pharmaceuticals. Bessent told CNBC separately that the US doesn’t want a generalized decoupling but wants to protect strategic necesseties including steel, medicines and semiconductors.
“The relationship is very good,” Trump said of China at a briefing on Monday. “We’re not looking to hurt China. China was being hurt badly. They were closing up factories. They were having a lot of unrest, and they were very happy to be able to do something with us.”
Once the trade talks were announced last week, the choice of Geneva already indicated the US was ceding some ground. China has long preferred that substantive talks take place in private, away from television cameras and prying reporters.
The highly stage-managed truce was notable along with the fact Trump didn’t front-run the news on social media, according to Deutsche Bank strategist George Saravelos. “All of this is a clear signal of negotiations moving in to a more conciliatory and respectful” phase, he added, citing that as another Chinese demand.
For China’s part, Vice Premier He Lifeng’s team agreed to roll back “non-tariff” measures imposed since Liberation Day, without elaborating. Getting relief on export controls imposed on rare earths was a priority for the White House, after it came under pressure from firms using such minerals for industrial magnets.
Beijing also didn’t pledge to increase investment from the US, and Bessent said purchase agreements might come later. US Trade Representative Jamieson Greer made clear the “phase one” deal from Trump’s first trade war, which committed China to buying $200 billion of US goods, hadn’t been under discussion.
“The talks were very much focused on how do we get the tariff levels to something that is not an embargo, but still allows the United States to pursue its goal of trade deficit reduction,” he said.
China now has a three-month window to strike a broader deal with the US that rebalances trade, while safeguarding its own interests. Beijing has devoted years since Trump’s first term to reducing its dependence on the US for key imports, buying more agricultural products from partners in emerging markets such as Brazil.
Just like during Trump’s first term, China will not compromise on key parts of its economic and political system, including how state-owned enterprises are run, according to Song Hong, deputy director of the Institute of Economics at the Chinese Academy of Social Sciences, a ministry-level institution under the State Council, akin to China’s cabinet.
“Beyond the red lines, there are a lot of gaps we can fill through negotiations,” he added, citing things like tariffs, intellectual property rights and subsidies.
Dong Yan, director of the trade department at another institute under the Chinese Academy of Social Sciences, said it was a good development while cautioning that Trump could yet hike them again.
“We have learned our lesson from Trump 1.0, where we saw that tariff negotiations can go back and forth rather than being achieved overnight,” she said.
The reduction in tariffs should make it easier for Chinese policy makers to hit a growth target of about 5% this year. ING bank upgraded its gross domestic product forecast to 4.7% for this year after the deal, saying May and June exports to the US are likely to bounce back sharply.
The suspension window could lead to more frontloading of shipments and production, according to Robin Xing, chief China economist at Morgan Stanley, who also cautioned that a “durable resolution remains challenging given the complex bilateral relationship.”
Although the reduction in tariffs is a positive development, Trump has still made it clear the world is no longer in a “wonderful globalization mode,” Alicia Garcia Herrero, chief Asia Pacific economist at Natixis told Bloomberg Television.
“It is better to bifurcate slowly and steadily and nicely,” she said. “Rather than fighting over it as we were doing right before this conversation started in Geneva.”
(Updates with Trump comments in 11th paragraph.)
— With assistance from Katia Dmitrieva, Rebecca Choong Wilkins, Jing Li and Jenny Leonard.
So again. No real trade deal. As usual. What a king!
A lot of folks I know, myself included, will be marching on June 14th. No Kings.
https://www.nokings.org